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Feds seek to enlist real estate agents in anti-corruption push

Housing Wire

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.

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How JVM Lending plans to expand without any loan originators

Housing Wire

After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead. Under the revamped mode, business development officers build relationships with real estate agents to get leads and client advisors take incoming leads from borrowers.

Lending 374
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How boutique lender Revolution Mortgage plans its expansion

Housing Wire

Revolution, founded by Tony Grothouse in 2017, is a direct retail lender licensed in 45 states, with 316 active loan officers and 79 branches across the country, according to mortgage tech platform Modex. Training and hiring top talent who can penetrate local markets with their own database and network are roles that Covey will take on.

Mortgage 409
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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

And in 2017, I decided to go on full-time as a lead agent.”. Alipour gushed about Redfin’s training program, and she accessed maternity leave benefits other agents lack. But what makes Redfin different – what makes it radically, transformatively different – is that it classifies real estate agents as employees.

Business 365
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Real estate teams beat brokerage firms in profitability

Housing Wire

“Back then, principal brokers who formed a company recruited agents to help them take care of referrals.”. Back in 2017, RealTrends partnered with the California Association of Realtors to study real estate teams. You have Mark Spain , Robert Slack and Ben Kinney who all found a way to scale their teams.”.

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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate. Real estate agents in particular understand local properties extremely well.

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Lamacchia Realty Announces Top Producing REALTORS® for December 2023

Lamacchia Realty

With her expert knowledge of Woburn and the surrounding towns, it is no wonder that she has been the top agent in Woburn for over twenty-five years! Eileen is a member of the Lamacchia Realty 2017 , 2018, 2019 , 2020, 2021, and 2022 President’s Club , and the 2020 , 2021, 2022 President’s Club ELITE.